SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Rentech Nitrogen Partners, L.P. - RNF
NEW YORK, NY / ACCESSWIRE / August 10, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Rentech Nitrogen Partners, L.P. ("Rentech" or the "Company") (RNF) (ISIN:US7601131003) (CUSIP:760113100) concerning the proposed acquisition of Rentech by CVR Partners, LP.
Rentech shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 9980.
The investigation concerns whether the Rentech directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, Rentech unit holders will receive, for each unit, 1.04 units of CVR Partners (worth $11.12 at the closing price of August 7, 2015), plus $2.57 in cash, and retain the value of Rentech's Pasadena facility. However, at least one analyst recently set a price target for Rentech units at $29.82 per unit.
Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
